Elkville State Bank

Headquarters

110 S 4th St
Elkville, IL 62932
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Elkville State Bank is an FDIC insured institution located in Elkville, IL. It was founded in 1906 and has approximately $0.02 billion in assets.

FDIC Insured Yes
FDIC Certificate # 10810
Date Established 1906
Assets $ 24.11 million
Loans $ 2.44 million
Deposits $ 19.80 million
Capital $ 4.16 million
 

For a more detailed analysis of Elkville State Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - December 1, 2020

Your Current Location: Virginia, VA 20146

 

Loan Rates - December 1, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Elkville State Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.557% 2.500% 0.50 $1,890 $988 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.560% 2.500% 0.75 $1,980 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Elkville State Bank
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Branches

Elkville State Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Elkville State Bank Locations


Financial Details

Elkville State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Elkville State Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Elkville State Bank U.S. Bank Average
0% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Elkville State Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $4,161,000 in equity and $52,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Elkville State Bank U.S. Bank Average
2.03% 7.80%

Elkville State Bank has a Return on Equity of 2.03% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Elkville State Bank U.S. Bank Average
17.26% 12.68%

Elkville State Bank has a Capitalization of 17.26% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Elkville State Bank Balance Sheet Analysis

As of March 31, 2013, Elkville State Bank had assets of $24,113,000, loans of $2,436,000, and deposits of $19,804,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.44 million
Loan loss allowance $ 0.05 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 19.80 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 24.11 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Elkville State Bank’s loan portfolio are 1-4 Family Residential Loans, Small Business Loans, and Commercial Real Estate.

Compared to other banks in Illinois, Elkville State Bank has a significantly higher percent of Consumer Auto Loans, Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 35.92
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 10.63
Small Business Loans 12.40
Construction and Development Loans 0.00
Commercial Real Estate 12.40
Commercial and Industrial Loans 10.51
Farm Loans 11.99

Frequently Asked Questions About Elkville State Bank

Branches and Savings

Is Elkville State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #10810.

Why does Elkville State Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Elkville State Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Elkville State Bank a commercial bank?

Yes

Where are Elkville State Bank locations?

See branch locations nearby.

Is Elkville State Bank open on Saturdays?

Is Elkville State Bank open on Sundays?

What time does Elkville State Bank open?

What time does Elkville State Bank close?

Are Elkville State Bank ATMs Open 24/7?

Do Elkville State Bank ATMs accept cash deposits?

Can Elkville State Bank customers use other ATMs?

Do Elkville State Bank branches have notaries?

Will Elkville State Bank notarize my document?

What address for Elkville State Bank should I put for incoming ACH transfers?

Will the Elkville State Bank branch print checks?

Do Elkville State Bank checks expire?

Does Elkville State Bank require US citizenship to open account?

Can Elkville State Bank close my account?

Does Elkville State Bank Report to credit bureaus?

Does Elkville State Bank Use Equifax?

What is Elkville State Bank's ACH Routing Number?

What is Elkville State Bank's SWIFT code?

Products

Does Elkville State Bank offer mortgages?

Compare mortgage rates here.

Does Elkville State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Elkville State Bank offer personal loans?

Compare personal loan rates here.

Does Elkville State Bank offer student loans?

Will Elkville State Bank cash a check?

Will Elkville State Bank redeem a savings bond?

Does Elkville State Bank cash savings bonds?

Will Elkville State Bank cash money orders?

Can Elkville State Bank issue a money order?

Does Elkville State Bank do currency exchange?

Background on The Bank

Who owns Elkville State Bank?

How long has Elkville State Bank been around?

Can Elkville State Bank transfer to other banks?

Does Elkville State Bank have quick pay?

Does Elkville State Bank accept rolled coins?

Will Elkville State Bank accept loose change?

Where is Elkville State Bank headquarters?

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